NCL Industries Trend Analysis
A potential Cup with Handle pattern is forming.
Expecting further drop to 145 level for a good buying opportunity in this micro cap stock.
Promoters are buying while OPM% declined on a quarterly basis.
Plans for setting up a 2000 TPD cement grinding unit.
Accumulate around 140-150 level for the following targets:
Short term swing target @ 220 (51% ROI with 3.75 R:R)
Medium term swing target @ 300 (106% ROI with 7.75 R:R)
Long term positional target @ 550 (279% ROI with 20.25 R:R) This is the technical target of the pattern highlighted.
Do your own due diligence before taking any action.
Peace!!
Expecting further drop to 145 level for a good buying opportunity in this micro cap stock.
Promoters are buying while OPM% declined on a quarterly basis.
Plans for setting up a 2000 TPD cement grinding unit.
Accumulate around 140-150 level for the following targets:
Short term swing target @ 220 (51% ROI with 3.75 R:R)
Medium term swing target @ 300 (106% ROI with 7.75 R:R)
Long term positional target @ 550 (279% ROI with 20.25 R:R) This is the technical target of the pattern highlighted.
Do your own due diligence before taking any action.
Peace!!
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